BOVERDI: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BOVERDI
Largest movements
- Current assets -€6.8m
down €6.8m (-46.0%), from €14.8m to €8.0m
of which Current investments: -€6.5m
- Contributions -€7.0m
down €7.0m (-46.7%), from €15.0m to €8.0m
- Profit (loss) carried forward +€425,190
up €425,190, from -€17,483 to €407,707
- Debts -€278,086
down €278,086 (-84.4%), from €329,644 to €51,557
- Gross operating margin +€110,605
up €110,605 (+37.3%), from -€296,360 to -€185,755
From the 2009 result to the 2010 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2009 | 2010 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,346,195 | €8,515,678 | -€6.8m | -44.5% |
| Fixed assets | 21/28 | €577,279 | €533,681 | -€43,598 | -7.6% |
| Tangible fixed assets | 22/27 | €430,479 | €386,881 | -€43,598 | -10.1% |
| Financial fixed assets | 28 | €146,800 | €146,800 | = | 0.0% |
| Current assets | 29/58 | €14,768,916 | €7,981,997 | -€6.8m | -46.0% |
| Amounts receivable within one year | 40/41 | €308,172 | €279,348 | -€28,824 | -9.4% |
| Current investments | 50/53 | €8,170,087 | €1,674,113 | -€6.5m | -79.5% |
| Cash at bank and in hand | 54/58 | €5,896,581 | €1,853,536 | -€4.0m | -68.6% |
| Total equity and liabilities | 10/49 | €15,346,195 | €8,515,678 | -€6.8m | -44.5% |
| Equity | 10/15 | €15,016,552 | €8,464,121 | -€6.6m | -43.6% |
| Contributions | 10/11 | €15,000,000 | €8,000,000 | -€7.0m | -46.7% |
| Reserves | 13 | €34,035 | €56,413 | +€22,378 | +65.8% |
| Profit (loss) carried forward | 14 | -€17,483 | €407,707 | +€425,190 | |
| Amounts payable | 17/49 | €329,644 | €51,557 | -€278,086 | -84.4% |
| Amounts payable within one year | 42/48 | €43,046 | €1,038 | -€42,008 | -97.6% |
| Trade debts | 44 | €43,046 | €1,038 | -€42,008 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,045 | €51,754 | -€291 | -0.6% |
| Gross operating margin | 9900 | -€296,360 | -€185,755 | +€110,605 | +37.3% |
| Operating profit (loss) | 9901 | -€351,416 | -€240,754 | +€110,661 | +31.5% |
| Recurring financial income | 75 | €642,785 | €637,382 | -€5,403 | -0.8% |
| Recurring financial charges | 65 | -€27,584 | -€53,382 | -€25,797 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €318,954 | €447,569 | +€128,615 | +40.3% |
| Profit (loss) for the period | 9904 | €318,954 | €447,569 | +€128,615 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €318,954 | €447,569 | +€128,615 | +40.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2009 and 31 December 2010. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.